RealityTrader Trading Log

Wednesday, August 20, 2008

Aug 20 2008

Session Time: Wed Aug 20 00:00:00 2008

[08:19] {Threei} 07:23am [LEH] Price Target lowered to $28 from $45 at Bernstein; Maintains market perform rating
[08:19] {Threei} [LEH] Lehman Brothers Holdings Inc Reportedly Goldman cuts earnings estimates for brokerage firms (timing uncertain)
[08:19] {Threei} - Goldman cuts JPM Q3 EPS estimate to $0.40 from $0.64 (consensus estimate is $0.51e)
[08:19] {Threei} - Goldman cuts LEH 2008 EPS estimate to -$9.65 from -$2.10 (consensus estimate is -$3.17e)
[08:19] {Threei} - Goldman cuts MS Q3 EPS estimate to $0.85 from $1.10 (consensus estimate is $0.88e)
[08:20] {Threei} these GS cuts from yesterday after hours
[08:21] {hawkfan4} good morning
[08:21] {Threei} good morning :)
[08:21] {Threei} may I make little confession?
[08:21] {hawkfan4} yes
[08:22] {Threei} couldn't resist and took LEH short on the close,
[08:22] {Threei} then saw afterhours drop and covered 12.60
[08:22] {Threei} glad I did both, lol
[08:23] {hawkfan4} :) nice. i took it too, but only covered a part after hours at .65. was hoping for a big morning drop
[08:23] {Threei} haha... I knew it
[08:24] {Threei} not sure why it's floating still this morning, the wight on its ankles is enormous
[08:24] {Threei} weight
[08:24] {Threei} but financials behaved against all logic way too opften over last months
[08:25] {Threei} and I am trained to see "against the logic" behavior as an opportunity to go against the crowd that follows obvious
[08:25] {Threei} so I am torn here
[08:25] {hawkfan4} yeah , i was just thinking about that too. hard to imagine it wants to rally, but hmmm
[08:25] {Threei} can't see LEH, FNM etc as long
[08:26] {Threei} and can't stay short against all my conditioning
[08:29] {brian3579} gm
[08:30] {Threei} brian :)
[08:30] {Threei} SATC
[08:30] {Threei} TO POWER NORTH AMERICA'S LARGEST SINGLE ROOFTOP SOLAR ARRAY
[08:31] {Threei} when zI went to Costco to replenish the content of the fridge after vacation, saw interesting thing
[08:32] {Threei} big solar panel
[08:32] {Threei} $299
[08:32] {Threei} tried to remember its parameters to look up what it can do
[08:33] {Threei} but managed to remember them just long enough to forget before I got to the pen and paper
[08:33] {cosmo} 15W prolly..
[08:33] {hawkfan4} interesting, i have to hut costco soon, i'll look for it.
[08:33] {Threei} expected for a while these things to start appearing on a consumer level and becoming more and more useful and cost-effective
[08:34] {Threei} please let me know hawk, I don't expect myself to be there for couple of weeks
[08:34] {Threei} signage on the box said,
[08:34] {hawkfan4} i will
[08:34] {Threei} can provide backup power in case of outage
[08:35] {Threei} charge a lot of portable devices
[08:35] {Threei} in both 12 or 110 V
[08:35] {Threei} umm... in either
[08:35] {Threei} :)
[08:36] {Threei} it has a metal stand for the panels
[08:41] {magoo} jhdfgdngf
[08:42] {Threei} I hate to disagree
[08:42] {Threei} but I am prfetty sure it's jhdfgdingknflit
[08:43] {cosmo} http://www.costco.com/Browse/Product.aspx?Prodid=11298029&search=solar&Mo=21&cm_re=1_en-_-Top_Left_Nav-_-Top_search&lang=en-US&Nr=P_CatalogName:BC&Sp=S&N=5000043&whse=BC&Dx=mode+matchallpartial&Ntk=Text_Search&Dr=P_CatalogName:BC&Ne=4000000&D=solar&Ntt=solar&No=7&Ntx=mode+matchallpartial&Nty=1&topnav=&s=1
[08:43] {Threei} this is it cosmo, I think
[08:44] {cosmo} or its close..
[08:44] {Threei} I had an impression there were three panels, not four
[08:44] {Threei} but can be mistaklen
[08:44] {Threei} afrter all, I was there after food, empty fridge etc, hard to focus
[08:44] {Threei} 60W
[08:44] {Threei} fairly decent, no?
[08:45] {cosmo} small appliances, it says
[08:47] {cosmo} if you pay a little more....
[08:48] {cosmo} http://www.costco.com/Browse/Product.aspx?Prodid=11248624&search=solar&Mo=21&cm_re=1_en-_-Top_Left_Nav-_-Top_search&lang=en-US&Nr=P_CatalogName:BC&Sp=S&N=5000043&whse=BC&Dx=mode+matchallpartial&Ntk=Text_Search&Dr=P_CatalogName:BC&Ne=4000000&D=solar&Ntt=solar&No=9&Ntx=mode+matchallpartial&Nty=1&topnav=&s=1
[08:48] {Raven}
3 Have friend who spent $13K out of pocket (grants and tax rebates funded rest of $40K total cost)
[08:49] {Raven}
3 he pumps power back into grid all summer
[08:49] {Raven}
3 in Oregon
[08:49] {Raven}
3 figures it'll pay back in 10 years
[08:49] {Threei} do economics work overall for him?
[08:49] {Threei} oh
[08:49] {Raven}
3 loves to watch electric meter spin BACKWARD
[08:50] {Raven}
3 rofl
[08:50] {Threei} yeah, that must be fun
[08:50] {cosmo} it beats having a swimming pool...
[08:50] {Threei} although in old times USSR people did that with two wires hooked to meatl heating radiator
[08:50] {Raven}
3 and Oregon has less than sunny winter season
[08:50] {Threei} murmuring "the state is us"
[08:51] {Raven}
3 lol
[08:51] {Raven}
3 also Oregon is quite generous with grants and tax rebates
[08:52] {Raven}
3 each state is different I think
[08:57] {cosmo} some are more photosynthetic than others...
[08:57] {Raven}
3 you bet
[08:58] {magoo} vad, u got sec
[08:58] {cosmo} AZ should lead
[08:58] {Raven}
3 CA too
[08:58] {Raven}
3 southern CA
[08:58] {Raven}
3 San Diego
[08:58] {Onix} Good morning!
[08:59] {cosmo} Sempra not as friendly as PG&E
06[09:00] * magoo slaps Threei around a bit with a large trout
[09:00] {Raven}
3 Oh ... another variablr
[09:00] {Raven}
3 variable
[09:00] {cosmo} SDG&E and SCE need to wake up
[09:01] {Threei} mags?
[09:01] {magoo} i lost my scanner window stocks down pre mkt, cant remember how to recreate it
[09:03] {Threei} rta://NewAlertWindow/?O=4000000000000000000000000000000_1D_0&MaxFCP=-5&MinVol=200000&WN=Stocks+Down+Big+in+Pre+Market+Trading
[09:03] {Threei} right click - configure - standard strategies
[09:04] {Threei} or
[09:04] {Threei} right click - configure - recent settings
[09:04] {cosmo} CSUN
[09:04] {GeoArb} gm
[09:04] {Threei} Geo :)
[09:05] {magoo} i see prop standard rececent
[09:05] {magoo} oh wait
[09:06] {pita} gm all
[09:07] {Threei} pita :)
[09:07] {magoo} thanx boss
[09:07] {Threei} always
[09:08] {Threei} ummm... sometimes
[09:08] {judijim} good morning all
[09:08] {Threei} jj :)
[09:10] {fernp} Good morning all
[09:10] {magoo} so easy and i totally forgot how to create new window..sigh
[09:11] {Threei} fern :)
[09:12] {tomg} good morning
[09:13] {Threei} tom :)
[09:15] {esemde} good M...
[09:15] {Threei} ese :)
[09:18] {Threei} I don't have much for the open
[09:19] {Threei} still entertaining the idea of LEH short but want to give it time to work our morning rush, consoolidate and show setup
[09:19] {Threei} also we have oil inventories today
[09:20] {Threei} so at some point UAUA should get active
[09:25] {Threei} Warren Buffet and Bill Gates are in Alberta overviewing oilsands industry
[09:26] {cosmo} once they clean that sand, they can make solar panels
[09:26] {dptl} good morning all
[09:26] {Threei} dp :)
[09:27] {peterg} gmng
[09:27] {Threei} peter :)
[09:28] {Threei} solars were strong yesterday and are gapping up this morning
[09:28] {Threei} not sure if that's a sector in play...
[09:28] {Threei} they have this feel of stalled bread
[09:28] {Threei} or flat beer
[09:28] {hawkfan4} 09:26 SOL ReneSola initiated with a Buy at Merrill- tgt $30 (17.49 ) -Update
[09:29] {GeoArb} tan
[09:29] {Threei} should be scalpable I guess
[09:29] {Threei} thin trader
[09:29] {GeoArb} yeah :9
[09:29] {GeoArb} just for trend
[09:31] {cosmo} SOLF holding 17 ...so far
[09:32] {Threei} SOL .15 long if holding above 18
[09:34] {Threei} semi-aggresive entry, if .10 gets taken
[09:36] {Threei} offer half at .27 - .30
[09:36] {Threei} feels more than a scalp to me
[09:37] {Threei} out half at .29
[09:37] {magoo} wait .45
[09:38] {fernp} out here. thanks Vad
[09:38] {Threei} offer 1/4 more at .45
[09:38] {Threei} welcome
[09:39] {Threei} 1/4 more out
[09:39] {peterg} I see--SOL is not SOLF
[09:39] {GeoArb} :)
[09:39] {magoo} out ty boss .45
[09:39] {Threei} now, your choice:
[09:39] {Threei} offer last portion around .60
[09:39] {Threei} or just try to ride it
[09:40] {tomg} thanks vad
[09:40] {Threei} tom :)
[09:40] {Onix} Out SOL for +.48, thanks Vad!
[09:40] {Threei} welcome sir
[09:40] {Onix} sorry .. out at .48 = 34c
[09:41] {Threei} what's 12 cents between friends
[09:41] {Threei} umm... 14
[09:41] {Threei} lol
[09:41] {Onix} exciting!
[09:42] {Threei} another day in the office...
[09:42] {Threei} look at LEH morning spikes both ways
[09:42] {Threei} [09:19] {Threei} still entertaining the idea of LEH short but want to give it time to work our morning rush, consoolidate and show setup
[09:42] {Threei} that was some morning rush to wait out eh?
[09:42] {GeoArb} cnq?
[09:43] {Threei} no read here Geo, sorry
[09:43] {Threei} mags, you are all out or holding any?
[09:44] {magoo} all out
[09:44] {Threei} k
[09:45] {Threei} NCOC interesting daily
[09:45] {Threei} but Roman has better feel for this one
[09:46] {tomg} EXP vad?
[09:46] {Threei} volatile like hell...
[09:46] {Threei} strong momo but very hard to control risk
[09:47] {Threei} MER
[09:47] {Roman}
21 TXCO interesting but very thin
[09:47] {Threei} .25 short if stays below .30
[09:50] {Threei} US TREASURY REPORTEDLY IN COMMUNICATION WITH GSES AND REGULATORS, BUT A FRE MEETING IS YET TO BE CONFIRMED
[09:50] {Threei} {FNM FRE}
[09:51] {Threei} stopped MER
[09:52] {Threei} picked wrong financial for short, FNM was much better
[09:52] {Threei} told ya it's bottomless
[09:53] {Onix} stopped MER
[09:54] {magoo} me too
[09:57] {Threei} pains me to say... but LEH starts looking like long
[09:57] {Threei} if holding above 13
[09:57] {Threei} hard to pick entry, not much to indicate it
[09:57] {Threei} if you like, just grab it here
[09:57] {Threei} stop is tight enough
[09:58] {esemde} long NVDA 13.62
[09:59] {esemde} went long as it crossed the open print
[09:59] {magoo} mkt feels like rally
[09:59] {Threei} LEH went to 1:2 in a hurry from .10 entry
[10:00] {Threei} feels not done yet
[10:00] {Threei} don't chase if you haven't taken it close to 13
[10:00] {Threei} it's a day for safe entries with tight stops
[10:03] {magoo} leh bounce entry vad?
[10:03] {Threei} late
[10:03] {Threei} impossible to call in time
[10:03] {magoo} as i typed it was .90
[10:03] {Threei} either you are ready and grab it as it occurs or let it go
[10:04] {esemde} pick a solar...any solar....they almost all green on my solar screen....
[10:07] {Threei} for the record, I don't expect today to be very generous on trading opportunities
06[10:07] * magoo slaps Threei around a bit with a large trout
[10:07] {Threei} although oil inventories may provide something
[10:07] {Threei} but it's August after all
[10:07] {magoo} watcjh uso as a long
[10:07] {Threei} and:
[10:07] {magoo} not in
[10:07] {Threei} ·“Don't be seduced into thinking that that which does not make a profit is without value.” - Authur Miller
[10:08] {peterg} wow
[10:08] {esemde} long STP .51 1/2 lot
[10:08] {Threei} observing these moves is invaluable education
[10:08] {tomg} cnq on pullback?
[10:08] {magoo} u in leh?
[10:08] {Threei} me no
[10:09] {magoo} u like it?
[10:09] {Threei} CNQ, hmm
[10:09] {Threei} I would prefer deeper pullback on it
[10:09] {tomg} ty
[10:09] {magoo} k
[10:09] {Threei} around 82 or even lower
[10:09] {tomg} k
[10:10] {Threei} LEH 13.01 mags
[10:10] {Threei} with 12.89 stop
[10:10] {magoo} in vad
[10:11] {Threei} 1:2 like there is nothing to it
[10:11] {Onix} Had it like that for a while now: in @13.02 & stop 12.89
[10:11] {esemde} out STP .75 +.24
[10:11] {Threei} don't oversit them
[10:11] {Threei} 1:2 is good
[10:11] {Threei} beautiful one ese
[10:12] {esemde} exactly
[10:12] {esemde} tks
[10:12] {Threei} 1:3
[10:12] {magoo} out LEH .30 TY boss
[10:12] {Threei} welcome
[10:12] {Threei} 1:4
[10:13] {Threei} if you don't profit from it and let it go negative on you, don't ever talk to me again
[10:13] {Threei} I'll pretend I don't know you
[10:13] {Threei} Onix, you took it?
[10:13] {hawkfan4} that was nice, thx :)
[10:13] {Onix} got +.32 LEH thnx Vad
[10:13] {esemde} nice move stp
[10:13] {Threei} hawk :)
[10:14] {Threei} wtg guys
[10:14] {magoo} u da man, er, um lil dude vad:)
[10:15] {Threei} realize that you are profiting in an easy and safe way day after day in what is labeled by most as one of the most difficult markets in theirlifetime
[10:15] {Threei} NVDA goes for you ese
[10:15] {esemde} am liking it....
[10:17] {esemde} will be out 1/2 soon....let the rest ride
[10:17] {Threei} 20 min till oil numbers
[10:17] {Threei} PREVIEW: DOE AND API PETROLEUM INVENTORIES DUE AT 10:35AMET.
[10:17] {Threei} **consensus expectations:
[10:17] {Threei} Crude: +1Me
[10:17] {Threei} Gasoline: -2.8Me
[10:17] {Threei} Distillate: +750Ke
[10:17] {Threei} Utilization: 86.3%e
[10:17] {Threei} *crude inventories expected to rise as shipments that were delayed by Tropical Storm Eduoard began to arrive last week.
[10:17] {Threei} [09:57] {Threei} pains me to say... but LEH starts looking like long
[10:18] {Threei} pains me even more to say I was right, lol
[10:18] {esemde} NVDA out 1/2....+.25
[10:18] {magoo} you are like dr. smith.."the pain the p[ain"
[10:18] {GeoArb} wow
[10:19] {GeoArb} educated lot here
[10:19] {Threei} well, my philosophy is "no pain - good!"
[10:19] {GeoArb} damn
[10:19] {GeoArb} its a movie
[10:19] {GeoArb} series
[10:20] {Threei} FNM
[10:20] {Threei} CEO: COMPANY HAS MORE CAPITAL THAN IT HAS EVER HAD IN ITS HISTORY - RADIO INTERVIEW
[10:20] {Threei} I have just one question
[10:20] {Threei} whos cash is that?
[10:20] {GeoArb} ok that hut vad
[10:20] {fernp} out half BEXP +.20
[10:21] {GeoArb} it isnt the canadians that i can tell ya
[10:21] {Threei} also, if so,
[10:22] {Threei} why are we continuing to hear about this or that form of nationalizing them, rendering common wtock worthless etc
[10:22] {tomg} in cnq 82.08
[10:22] {tomg} out .48
[10:22] {Threei} nonetheless, nice spike FNM
[10:23] {peterg} cuz their ceo's are lying @@@'s?
[10:23] {Threei} wow tom
[10:23] {Threei} patience paid off eh? waited for 82
[10:23] {esemde} CNQ looks real good tom
[10:23] {tomg} ty on pb advice :)
[10:23] {Threei} always
[10:23] {Threei} I mean, sometimes
[10:23] {tomg} :)
[10:23] {GeoArb} sniff cnq
[10:24] {esemde} still movin STP
[10:24] {GeoArb} [09:42] {GeoArb} cnq?
[10:25] {esemde} didn't there use to be an oil product called STP....maystill is don't know
[10:25] {Threei} [09:43] {Threei} no read here Geo, sorry
[10:25] {GeoArb} :)
[10:25] {GeoArb} i guess tomg is a self starter heheheh
[10:26] {Threei} we exchanged on it later Geo
[10:26] {GeoArb} and off course i missed
[10:26] {Threei} after CNQ moved more and started pulling back
[10:26] {Threei} [10:08] {tomg} cnq on pullback?
[10:26] {Threei} [10:09] {Threei} CNQ, hmm
[10:26] {Threei} [10:09] {Threei} I would prefer deeper pullback on it
[10:26] {Threei} [10:09] {tomg} ty
[10:26] {Threei} [10:09] {magoo} k
[10:26] {GeoArb} yup see it now
[10:27] {GeoArb} sniff.... i need more coffee
[10:27] {Threei} [10:09] {Threei} around 82 or even lower
[10:27] {Threei} [10:09] {tomg} k
[10:27] {Threei} bottomed out at 81.87
[10:27] {GeoArb} hey vad you still using one min charts?
[10:28] {Threei} yes why?
[10:28] {GeoArb} just curious
[10:28] {GeoArb} i sometimes like 2 min better or 5
[10:28] {Threei} why not
[10:28] {Threei} there is no better or worse way
[10:28] {Threei} there is one that works for you
[10:28] {GeoArb} just trying ot
[10:28] {GeoArb} makes me hold longer
[10:29] {peterg} interesting
[10:29] {Threei} of course it does
[10:29] {GeoArb} problem is cant go full lot on that
[10:30] {Threei} it's not a problem... it's direct outcome of risk/reward equation
[10:30] {GeoArb} yeah that sounds better :)
[10:33] {tomg} cnq going for hod
[10:33] {GeoArb} oil out yet?
[10:33] {GeoArb} i am on my hands
[10:34] {Threei} 2 min
[10:34] {Threei} 1
[10:35] {GeoArb} mdt nice
[10:35] {Threei} DOE CRUDE: +9.4M V +1ME;
[10:35] {Threei} GASOLINE: -6.2M V -2.8ME; DISTILLATES: +480K V +750KE; UTILIZATION: 85.7% V 86.3%E
[10:35] {Threei} *API Inventory:
[10:35] {Threei} - Crude Inventories: +12.4M
[10:35] {Threei} - Gasoline: -1.9
[10:35] {Threei} - Distillate: +300K
[10:36] {GeoArb} yup cnq dropped
[10:36] {GeoArb} hahahahaha
[10:36] {tomg} yup, follows oil
[10:36] {GeoArb} canadian national res
[10:36] {magoo} uaua responded
[10:36] {GeoArb} i thought restaurant
[10:36] {GeoArb} i checked
[10:36] {GeoArb} oops
[10:37] {GeoArb} is national resource......i need to read up
[10:37] {tomg} :)
[10:37] {esemde} if the NDX breaks above 1921.99....skys the limit today
[10:38] {Threei} http://www.cnrl.com/
[10:38] {Threei} Canadian Natural Resources
[10:38] {GeoArb} yeah
[10:38] {GeoArb} mm just says canadian nat res
[10:39] {GeoArb} but i found a cool thing... if i double click the mm.... it opens the google finance for it
[10:39] {Threei} what's mm?
[10:39] {GeoArb} market meker LII box
[10:39] {Threei} ah
[10:40] {tomg} don't see mm box Geo
[10:40] {GeoArb} its funny.... at 10:31 UAUA was breaking lows at twice normal volume
[10:40] {GeoArb} cant just do scanner.....news matters
[10:41] {Threei} well, oil numbers propped a move
[10:41] {GeoArb} yup
[10:41] {Threei} and UAUA is oil-dependent mover
[10:41] {GeoArb} i was thinking if i wasnt in this room i would be short hehehehe
[10:41] {GeoArb} but then i wouldnt have a scanner !
[10:42] {Threei} rofl
[10:42] {GeoArb} lol
[10:42] {tomg} Geo, you talking about mm box on LII in Laser?
[10:42] {GeoArb} no my broker
[10:42] {Threei} well... being in the room saved you from 1 dollar move against you
[10:42] {tomg} ah, ok
[10:42] {GeoArb} yup
[10:45] {Threei} have a look at VPHM
[10:46] {hawkfan4} looking
[10:46] {Threei} serious relstive strength, makes new 52 weeks highs
[10:46] {Threei} just broke 14 resistance on daily
[10:47] {Threei} not sure I have a call on it at this moment
[10:47] {Threei} mentioning it for thiose of you who see it as a play
[10:49] {GeoArb} vad i am curious..
[10:49] {GeoArb} any reason you dont play gap fill/ gap and go setups?
[10:50] {Threei} I like them
[10:50] {Threei} I just don't actively scan for them
[10:50] {GeoArb} do you scan for them?
[10:50] {GeoArb} hhe
[10:50] {Onix} missed on VPHM
[10:50] {Threei} simply no room for more scans I guess :)
[10:50] {GeoArb} yeah
[10:50] {Threei} but if I stumble onto one of those while surfing, I do like them
[10:50] {Threei} if you scan for them, feel free to share
[10:51] {esemde} you have alot of screens Vad...what is your favorite
[10:51] {GeoArb} i am developing a scan bt would off course need your guidance on how to play em
[10:51] {GeoArb} i like gap and go better than gap fill
[10:51] {Threei} I don't have favorite really ese
[10:52] {esemde} if you had to choose...which one would it be
[10:52] {Threei} hmmm
[10:52] {esemde} putting you on the spot i know
[10:52] {Threei} it changes with market///
[10:52] {Threei} some work better in one type of market, some are in another
[10:53] {GeoArb} anyone take vphm?
[10:53] {Threei} so my answer today may be different from my answer tomorrow
[10:53] {fernp} me
[10:53] {GeoArb} makes sense
[10:53] {GeoArb} i missed but looks good
[10:53] {esemde} indeed.......
[10:53] {Threei} and you will say I am a flip flop worse than presidenatila candidates
[10:54] {tomg} TWB
[10:55] {tomg} ?
[10:55] {GeoArb} mdt vad?
[10:57] {fernp} out VPHM +.18 thanks Vad
[10:57] {Threei} MDT is a bit too narrow for this price range
[10:57] {Threei} fern :)
[10:57] {Threei} TWB, not sure
[10:57] {GeoArb} OK
[10:57] {Threei} this kind of setup I'd be happy to see an hour ago
[10:57] {Threei} now it can easilt to just stall
[10:58] {tomg} ty
[10:58] {esemde} GO NVDA BABYYYYYYYYY!!!!!!!!
[10:59] {magoo} [09:59] {magoo} mkt feels like rally
[10:59] {esemde} i'll second that
[11:00] {esemde} not only feels like....IS.....
[11:01] {tomg} ty for help, vad, have a nice day everyone
[11:02] {Threei} take care tom, good job
[11:02] {tomg} :)
[11:06] {GeoArb} off to work.... thanks
[11:06] {Threei} take care Geo
[11:07] {dptl} pdli?
[11:08] {Threei} not really lunch time setup,
[11:08] {Threei} may go slowly if market continues climbing
[11:09] {dptl} ah ..ty...got .46 to try..:)
[11:10] {tomg} just one more thing before i go....i want to apologize to laserdave in front of the whole group....i posted negative comments about him a while back.......when he was trying his best to help me
[11:10] {tomg} i was panicking and took it the wrong way
[11:10] {dptl} stop under .39 pdli
[11:11] {tomg} maybe you want to edit this out, vad, but i never will feel right until i get it said that i'm sincerely sorry
[11:11] {Threei} who is laserdave?
[11:11] {tomg} man :)
[11:11] {Threei} :)
[11:11] {Threei} I notice him when he is here and I am in the truot-slapping mood
[11:11] {Threei} (which I always am)
[11:12] {tomg} i apologized to him personally, of course
[11:12] {Threei} I think it's all long forgotten tom
[11:12] {Threei} little trout between friends, whatever
[11:12] {tomg} thanks, vad :)
[11:13] {magoo} trout????
06[11:13] * magoo slaps Threei around a bit with a large trout
[11:13] {Threei} ugh
[11:14] {Threei} I walked right into it... knew how dangerous it was to even mention fish in magoo's poresence
[11:14] {fernp} again out of VPHM +.12
[11:15] {Threei} lol
[11:15] {Threei} this is not nice fern
[11:15] {Threei} I di not mention it for you to bludgeon it
[11:16] {Threei} scalp it one thing... but you are dismembering it
[11:16] {fernp} lol
[11:16] {fernp} easy money
[11:16] {Threei} favorite kind
[11:16] {fernp} mine too
[11:24] {hawkfan4} kinda like UAUA over 13 with a stop .84, or short under .85, depends on oil's next move
[11:28] {magoo} vad, kinda looking for pullback short scalps here
[11:32] {Threei} pretty much USO dependent mags
[11:32] {Threei} if it continues down, market is likely to continue climbing
[11:39] {magoo} ok, just a thought
[11:47] {Threei} aimless wandering
[12:03] {Threei} SOLF is still climbing... can't bring myself to play it
[12:04] {hawkfan4} was just looking at solf, watching SOL again. It's basically SOLF without the F
[12:05] {magoo} brb
[12:10] {hawkfan4} trying USO .60, stop under .40
[12:32] {hawkfan4} SOL .40, stop under .24
[12:33] {fernp} out PDLI +.10
[12:34] {hawkfan4} gj
[12:40] {hawkfan4} USO stop to .64
06[12:44] * Threei slaps laserdave1 around a bit with a large trout
06[12:44] * Chaeron slaps laserdave1 around a bit with a large trout
06[12:44] * Chaeron slaps laserdave1 around a bit with a large trout
[12:44] {Chaeron} that last one was for magoo... he's away for a sec
[12:45] {dptl} team work eh:)
06[12:47] * magoo slaps laserdave1 around a bit with a large trout
[12:47] {magoo} thanx charbro
[12:47] {Chaeron} gotchr back bro
[12:55] {laserdave1} why thanks
[12:56] {GeoArb} hey dave dcc pls
[13:05] {GeoArb} .
[13:06] {Threei} very very fine point
[13:12] {Threei} from chart point of view, up is more likely from here for the market
[13:20] {magoo} vad, my question on mt
[13:20] {magoo} mt=mkt
[13:20] {Threei} [13:12] {Threei} from chart point of view, up is more likely from here for the market
[13:21] {magoo} u sdtalkin anything anywhere anytime anyhow?
[13:21] {Threei} yes
[13:21] {Threei} I made this mistaake of aiming laser pointer at the wall
[13:21] {Threei} not I am stalking the red dot
[13:21] {Chaeron} oh geesh
[13:22] {Threei} not = now
[13:32] {Threei} (RU) RUSSIA FOREIGN MINISTRY: US-POLAND MISSILE DEAL HAS ESTABLISHED AN ARMS RACE IN EUROPE
[13:32] {Threei} - Russian protests will include more than diplomatic statements in response to missile shield program
[13:32] {Threei} - US missile shield plan is part of a very dangerous group of military projects
[13:32] {Threei} welcome to new cold (and we can hope only cold) war
[13:34] {Threei} LDK is intriguing
[13:41] {GeoArb} well about that .....
[13:41] {GeoArb} we go here and keep prodding the bear
[13:41] {GeoArb} what do you think is gonna happen?
[13:41] {magoo} ldk is the crazy one right vad?
[13:53] {hawkfan4} .
[13:56] {Threei} sorry guys, had urgent errand
[13:56] {Threei} it is mags
[13:56] {Chaeron} you were gone?
06[13:57] * Threei slaps Chaeron around a bit with a large trout
06[13:57] * magoo slaps Chaeron around a bit with a large trout
[13:57] {Threei} well Geo... IMO, this is the bear that is not going to lay down and sleep quietly even if you don't prod it
[14:07] {esemde} have a great rest of the day all.....am heading in too work...got classes to prepare for
[14:07] {Threei} FNM... 4.73 becomes a shart trigger
[14:07] {Threei} take care ese :)
[14:07] {esemde} see ya vad
[14:08] {Threei} PIMCO'S GROSS: CURRENT STOCK PRICES FOR GSES INDICATE MARKET PRICING STOCKS AT ESSENTIALLY ZERO - CNBC COMMENTS
[14:08] {Threei} {FNM FRE}
[14:08] {Threei} hmm?
[14:08] {Threei} zero is zero
[14:08] {Threei} I see FNM at 4.80
[14:09] {Threei} if it's all the same to Cross, I am w'illing to short here under his agreement to sell it back to me at zero
[14:10] {hawkfan4} sounds fair
[14:10] {magoo} are u shorting it here?
[14:10] {Threei} yes
[14:10] {Threei} got .74
[14:10] {Threei} .85 stop
[14:12] {magoo} in .66
[14:12] {Threei} wow
[14:12] {Threei} why so much chasing?
[14:12] {magoo} thats where it was when i asked
[14:12] {Threei} [14:07] {Threei} FNM... 4.73 becomes a short trigger
[14:13] {magoo} oops
[14:16] {GeoArb} so i have been thinking vad
[14:16] {GeoArb} :)
[14:16] {Threei} hurt?
[14:16] {magoo} oy
[14:16] {GeoArb} how about a scrpt so that when you make a call it starts with ALERT!!
[14:16] {Threei} over 1:1 FNM
[14:17] {Threei} it means additional typing geo
[14:17] {magoo} ggggggggggtttrt
[14:17] {GeoArb} problem is it will say alert even when you make your jokes
[14:17] {GeoArb} no it will insert it automatically
[14:17] {GeoArb} a script
[14:17] {GeoArb} only for you
[14:17] {GeoArb} so sleeperrs like me and magoo dont miss
[14:17] {GeoArb} :0
[14:17] {Threei}
JBE Setup:
0,3 TEST 20
[14:17] {GeoArb} seeee
[14:17] {Threei}
Long Setup:
0,3 TEST 20
[14:18] {Threei}
Short Setup:
0,4 TEST 20
[14:18] {GeoArb} you have stuff hidden
[14:18] {Threei}
DBI Setup:
0,4 TEST 20
[14:18] {GeoArb} hmmmm
[14:18] {GeoArb} this is beautifull
[14:18] {magoo} symbiol??TEST not coming up
[14:18] {GeoArb} what do you think guys?
[14:19] {Threei} told ya FNM was bottomless
[14:19] {magoo} [14:18] {magoo} symbiol??TEST not coming up
[14:19] {patience} if you need it geo......
[14:19] {magoo} isTEST on bulletin board??
[14:19] {Threei} scalpers have almost 1:3 FNM
[14:20] {Chaeron} might be a pink sheet mags :)
[14:20] {magoo} magoos patented 2-230 smackdown here
[14:20] {GeoArb} it keeps him loud and separate from all the riffraff talk like mine
[14:20] {Threei} and you seriously think anything that makes me louder is a good thing?
[14:21] {GeoArb} only for calls vad
[14:21] {GeoArb} only for calls
[14:21] {GeoArb} hmmmm only for calls
[14:21] {magoo} hgow about fatter??
[14:21] {GeoArb} thats my secret shame so wont go there
[14:21] {GeoArb} california.... its the cheese
[14:22] {magoo} and happy cows
[14:22] {GeoArb} so vad.... how much moe do you have to type to pull those alert up?
[14:22] {Threei} not much actually
[14:22] {Threei} I just need to remember :)
[14:22] {GeoArb} would you consider it?
[14:22] {Threei} sure
[14:23] {Threei} woohoo FNM
[14:23] {GeoArb} that way y roving eyes have an anchor
[14:23] {magoo} and U criticize my entry
[14:23] {Threei}
3,0 Attention: FNM is a POS
[14:23] {GeoArb} lol
[14:23] {hawkfan4} lol!
[14:23] {Threei} it's coming back to me
[14:23] {GeoArb} from the go go 90s?
[14:24] {Threei} I guess
[14:24] {magoo} out .33
[14:25] {hawkfan4} there goes oil
[14:25] {magoo} feels like into 3's
[14:25] {Onix} POS?
[14:25] {GeoArb} piece of sugar
[14:26] {Threei} ummm
[14:26] {Threei}
3,0 Attention: GEO is sugarcoating thing
[14:26] {magoo} i thiought it was "per order shares"
[14:27] {GeoArb} ummm vad
[14:27] {Threei} hehe
[14:27] {GeoArb} lol
[14:28] {GeoArb} wo fnm
[14:28] {GeoArb} going to 0
[14:29] {GeoArb} 150 mill vol today
[14:31] {magoo} vad, u ignoring my best material here
[14:32] {Threei} as in?
[14:32] {GeoArb} 11:27] {magoo} i thiought it was "per order shares"
[14:33] {Threei} this is your best??
[14:33] {Threei} come on... I know better than that
[14:33] {Chaeron} there's a really thin book "Magoo's Best Material from RT Room"
[14:33] {magoo} :)
[14:34] {Threei} and best of the best is:
[14:34] {Threei} [08:41] {magoo} jhdfgdngf
[14:34] {GeoArb} ahh comeon
06[14:35] * GeoArb slaps Threei around a bit with a large trout
06[14:35] * magoo slaps GeoArb around a bit with a large trout
[14:35] {Threei} FED'S STERN: CANNOT LET FIRMS LIKE FNM OR FRE FAIL
[14:35] {Threei} careful
[14:35] {GeoArb} again?
[14:35] {GeoArb} why me magoo?
[14:36] {Threei} who knows what they say in the heat of jawboning
[14:37] {magoo} why not??
[14:39] {GeoArb} true
06[14:39] * GeoArb slaps magoo around a bit with a large trout
06[14:39] * GeoArb slaps magoo around a bit with a large trout
06[14:39] * GeoArb slaps magoo around a bit with a large trout
[14:39] {GeoArb} hmm dino isnt here
[14:40] {GeoArb} ok thats wierd....i selected laserdave
[14:40] {GeoArb} trout got stuck
[14:40] {Threei} in what???
[14:40] {GeoArb} i guess this needs practice
[14:40] {Threei} dave... fess up
[14:41] {GeoArb} in the beer bottle?
[14:41] {Threei} OK, I better shut up
[14:41] {Threei} 12 jokes in my head, and none of them is kosher
[14:41] {GeoArb} yup
[14:41] {GeoArb} i thought i had a nice save
[14:42] {Threei} - Stern adds these firms must be addressed in a calmer market, notes higher concern over FNM FRE despite Treasury support.
[14:42] {Threei} - Fed's actions in regards to the GSEs and Bear Sterns are adequate{FNM FRE}
[14:46] {Threei} - Notes that this is not the right time to shut down FNM & FRE
[15:08] {Threei} sooo tempted to short FNM again
[15:09] {magoo} as doc holiday{val kilmer version} would say"say when"
[15:10] {Threei} hoped for one more try at .50 and failure, but it dropped
[15:10] {Threei} waiting for now, don't want to chase
[15:16] {hawkfan4} out USO +2
[15:16] {patience} very nice
[15:16] {Threei} WTG
[15:17] {Threei} even though very unpatriotic
[15:17] {hawkfan4} :) thx. 10:1
[15:17] {Threei} lol
[15:17] {fernp} very good job
[15:17] {Threei} disgusting really
[15:17] {hawkfan4} lol
[15:17] {Threei}
3,0 Attention: : hawkfan doesn't leave any money in the market for anyone else
06[15:18] * magoo slaps hawkfan4 around a bit with a large trout
[15:18] {Threei}
Long Setup:
0,3 VPHM .41 if stays above .35 and market turns up
[15:24] {Threei} in .36, aggressively
[15:24] {Threei} ridiculously tight stop
[15:24] {Threei} .33 or so
[15:25] {Threei} just don't want to give anything back
[15:27] {Onix} in @ $14.38
[15:33] {Threei} trailing stop to .34
[15:33] {Threei} lol
[15:33] {magoo} am i chasimng here?
[15:34] {Threei} don't enter into downticking market
[15:34] {Threei} if NQ reverses, grab it
[15:34] {Threei} but don't count on much, this is just a little scalp
[15:35] {Threei} with stop tighter than 34 size jeans on 40-sezed waist after big dinner
[15:37] {Threei} OK NQ
[15:38] {Threei} break 1910, jump and pull VPHM with you
[15:38] {Threei} broke
[15:38] {Threei} .38 finally gave up
[15:39] {Threei} I have 1:2
[15:39] {Threei} lol
[15:39] {Threei} half out .45
[15:40] {Threei} cute little trade
[15:40] {Threei} no stress whatsoever
[15:43] {Threei} NQ goes 10 points up from the moment of our long... can you say well timed entry?
[15:43] {Threei} well... you could if you weren't asleep
[15:43] {magoo} oput hwere .49 TY
[15:44] {Threei} :)
[15:44] {patience} magoo aces it again :)
[15:44] {magoo} have u noticed an imprtovemebt in my spellinhk vad??
[15:44] {Threei} dephinetili
[15:45] {Threei} a hole lot of empruvement
[15:46] {dptl} lol....have a good evening all:)
[15:46] {Threei} take care dp :)
[15:47] {magoo} u 2 dop:)
[15:47] {dptl} dop...lol
[15:47] {magoo} oops roflol
[15:47] {Threei} zat's maguu's emproowement
[15:51] {Threei} you have 8 minutes to impress me, VPHM
[15:55] {Onix} Thanks for a beautiful trade in VPHM Vad ... out @ 14.54
[15:55] {Threei} wtg
[15:55] {Threei} nice and easy eh?
[15:55] {Threei} btw... I have a new headset and am ready to try Dragon next week probably
[15:55] {Onix} unbelievable!
[15:55] {Threei} so if you see something like mgjksoturnakfntoie, you know where it's coming from
[15:55] {Threei} out VPHM in full
[15:55] {Threei} .62
[15:56] {magoo} NICE
[15:56] {Threei} plus something nice
[15:56] {Onix} you're the champ!
[15:56] {magoo} easy button worthy
[15:56] {Threei} as long as no a chimp...
[15:56] {Threei} not a
[15:56] {Threei} OK guys, thank you all
[15:56] {Threei} have a good evening
[15:56] {Onix} Thnx bye
[15:56] {peterg} bye all
[15:56] {Threei} see you all tomorrow
[15:57] {hawkfan4} thx vad
[15:58] {magoo} TY vad
[16:00] {fernp} see you. TY